Detailed Information: What are Smart Contracts?

Detailed information and a collection of articles and videos explaining what Smart Contracts are and what potential they have.

Definition

“Smart contracts are lines of code that are stored on a blockchain and automatically execute when predetermined terms and conditions are met. At the most basic level, they are programs that run as they’ve been set up to run by the people who developed them. The benefits of smart contracts are most apparent in business collaborations, in which they are typically used to enforce some type of agreement so that all participants can be certain of the outcome without an intermediary’s involvement.”

IBM. July 2nd, 2018

Informative Articles

What Are Smart Contracts on Blockchain? – IBM’s Answer:

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10 Advantages of Using Smart Contracts

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Bosch Commenting on the Importance of Smart Contracts and Blockchain Technology: 

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Smart Contracts: The Blockchain Technology That Will Replace Lawyers

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Informative Videos

A curated playlist of useful videos about Smart Contracts. You can see the full playlist by hovering over the Youtube video screen below and clicking on the icon in the top right corner.

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